As tax season draws to a close, I’ve been asked a number of times about the most common question I’ve heard from taxpayers this year. It’s not even close: one question has commanded the most attention all season. It isn’t about dependents or exemptions. It isn’t about deductions or expenses. It’s about a credit and…
We’re down to the wire! Tax season is nearly over for the 2011 tax year: just 15 days remain until Tax Day (remember that you have until April 17, 2012, to file your 2011 individual federal income tax return). If you haven’t yet filed, here’s your chance to get caught up on what was new…
One of the frustrating things from a tax professional’s point of view about the magically shifting world of tax credits and deductions on the whims of Congress is that it confuses taxpayers. For 2011, tops on the list of things taxpayers can’t understand is the disappearance of the Making Work Pay Credit. But second? Repayment…
Taxpayer asks: Hi,I just got my taxes done and I don’t see paperwork for my homestead credit or working pay credit in my taxes. I looked at last years and all of it is in that one I called and left a message with the person who did my taxes but I should get working…
